Banks Are Poised to Profit From Forex Tumult

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Peter Rudegeair The big currency swings of the past three months have whipsawed many investors. Wall Street may end up loving the action. As U.S. banks closed out the first quarter, analysts and investors said the turbulence in foreign-exchange ...

EU Lays Groundwork for Antitrust Charges Against Google--Update

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Tom Fairless in Brussels and Alistair Barr in San Francisco Europe's competition regulator is preparing to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against ...

Oil Futures Ease on Uncertainty Around Iran Nuclear Talks

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Eric Yep Crude-oil futures eased in Asian trade Thursday after strong overnight gains as uncertainty around U.S.-Iran nuclear talks continued to drive volatility in oil markets. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Shengjing Bank to Buy Stake in Huaxin Trust

TODAY: April 2, 2015 PUB DATE: April 2, 2015

Shengjing Bank Co. (2066.HK) agreed to buy a 20% stake in Huaxin Trust Co. from Huaxin Huiton Group Ltd. for 3.17 billion yuan ($512 million). The Chinese bank said in a statement late Wednesday that it plans to fund the ...

BOJ Survey Shows Steady Inflation Expectations

TODAY: April 2, 2015 PUB DATE: April 2, 2015

TOKYO--Japan Inc.'s inflation expectations remained steady in the three months to March, a Bank of Japan survey showed Thursday, an outcome that could reinforce its view that the underlying inflation trend remains in place despite a slide in the consumer ...

EU Lays Groundwork for Antitrust Charges Against Google

TODAY: April 2, 2015 PUB DATE: April 2, 2015

BRUSSELS--Europe's competition regulator is laying the groundwork to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the U.S. search giant in a five-year-old antitrust investigation ...

China Precious Metal to Buy Investment Firm

TODAY: April 2, 2015 PUB DATE: April 2, 2015

HONG KONG--China Precious Metal Resources Holdings Co. (1194.HK) agreed to buy Munsun Assets Management Ltd. for 1.3 billion Hong Kong dollars ($168 million), as it seeks new growth drivers to offset slower growth in its mining business. The Hong Kong-listed ...

EU Lays Groundwork for Antitrust Charges Against Google

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Tom Fairless And Alistair Barr BRUSSELS--Europe's competition regulator is laying the groundwork to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the U.S. search ...

Asian Shares Rally Despite U.S. Growth Concerns -- Update

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Chao Deng Stocks across Asia rallied Thursday despite worries about U.S. economic growth, while China shares took a breather having gained 24% since early February. Markets were higher across the region even though U.S. stocks fell Wednesday. "At some ...

Asian Shares Rally Despite U.S. Growth Concerns

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Chao Deng Stocks across Asia rallied Thursday despite worries about U.S. economic growth, while China shares took a breather having gained 24% since early February. Markets were higher across the region even though U.S. stocks fell Wednesday. "At some ...

Asian Shares Rally Despite U.S. Growth Concerns

TODAY: April 2, 2015 PUB DATE: April 2, 2015

Stocks across Asia rallied Thursday despite worries about U.S. economic growth, while China shares took a breather having gained 24% since early February. Markets were higher across the region even though U.S. stocks fell Wednesday. "At some point this year ...

Australia Trade Deficit Widens

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By James Glynn SYDNEY--Australia posted a seasonally adjusted trade deficit of A$1.3 billion in February, compared with a deficit of A$1.0 billion in January, the Australian Bureau of Statistics said Thursday. The February trade-deficit figure was in line with what ...

Bradken Rejects Takeover Bid

TODAY: April 2, 2015 PUB DATE: April 2, 2015

SYDNEY--U.S. trading house Koch Industries Inc. has teamed up with private equity firm Pacific Equity Partners to bid 427.6 million Australian dollars (US$313.6 million) for Australian engineering equipment maker Bradken Ltd. (BKN.AU) Bradken responded Thursday by rejecting the offer--which signals ...

Treasurys Rise to Continue Win Streak

TODAY: April 2, 2015 PUB DATE: April 1, 2015

By Min Zeng U.S. government bonds rose Tuesday to cap the fifth quarterly gain in a row, the longest winning streak in more than a decade. The $12.5 trillion market continues to lure investors left uncertain by uneven global growth ...

Jacob Lew Criticizes China for Not Opening Up Economy -- 2nd Update

TODAY: April 2, 2015 PUB DATE: April 1, 2015

By Ian Talley China needs to remain committed to liberalizing its economy to help ensure global growth and a healthy relationship with the world's largest economy, U.S. Treasury Secretary Jacob Lew said Tuesday. Signs that Chinese authorities may not deliver ...

Mexican Government to Make Additional Budget Cuts in 2016

TODAY: April 2, 2015 PUB DATE: April 1, 2015

By Anthony Harrup MEXICO CITY--The Mexican government expects to lower spending next year by 135 billion pesos ($8.8 billion), in addition to the 124 billion pesos it has cut from this year's budget as it aims to continue narrowing fiscal ...

China Official Nonmanufacturing PMI 53.7 in March Vs. 53.9 in February

TODAY: April 2, 2015 PUB DATE: April 1, 2015

BEIJING--China's official nonmanufacturing Purchasing Managers' Index, a gauge of activity outside factory floors, fell to 53.7 from 53.9 in February, the China Federation of Logistics and Purchasing said Wednesday. A reading above 50 indicates expansion while a figure below 50 ...